Global Biological Organic Fertilizers Market - By Microorganism, Organic Residue, Application and Geography-Market Shares, Forecasts and Trends (2017 - 2022)
The global biological organic fertilizers market is slated to grow at a CAGR of 13.3% during 2016-2021 and reach USD XX million by 2021. Organic fertilizers are derived from many animal and plant-based residues, mineral ores and beneficial microorganisms. They are applied in bulk or in concentrate, depending on the nutrient content in the particular concentration of product ingredients. These are low-cost, renewable sources of plant nutrients that supplement chemical fertilizers. The selected strains of beneficial soil microorganisms used either for seed treatment or soil application are gaining momentum in the farming community.
The growth of the organic food industry is driving the organic fertilizers market. The increased environmental concerns have paved the way for the use of bio-based organic fertilizers. The growth in the rate of adoption of sustainable farming and increasing costs of chemical fertilizers are other driving factors for the market. The push from governments towards sustainable farming in many developing countries is expected to help maintain a steady growth in the market. The lack of awareness among the farmers, especially in developing countries, is restraining the market growth The developing countries of Asia-Pacific are likely to provide a substantial growth opportunity in the market.
The global organic fertilizers market is divided into two major segments - organic residue-based and microorganism-based fertilizers (biofertilizers), depending on the source of nutrients and raw materials. More than half of the market share is covered by microorganism-based organic fertilizers; the market is expected to grow at the CAGR of 14.2% during the forecast period and reach USD 20,725.3 million by 2021.Among microorganisms, nitrogen-fixing bacteria such as rhizobium and azotobacter are widely applied and account for the major market share. Organic residue-based fertilizers are classified into farm yard manure (FYM), crop residues and green manure, depending on the source of raw material. By application, the market is segmented into crop-based and non-crop-based applications. The application of these fertilizers is more in cereal crops and the segment accounts for around 40% of the market share. Fruits and vegetables are the second largest and fastest growing segment.
The stringent regulatory framework for the maximum residue level and growth in organic farming make Europe a major market, accounting for around 40% of the global consumption. The consumption of organic fertilizers in Asia-Pacific is expected to grow at the highest rate, owing to the increasing awareness among the farmers about the benefits of bio-based and organic residue-based fertilizers. Investment in R&D of organic fertilizers is expected to help expand the market in North America and maintain a moderate growth rate.
Major companies in the sector include:
CBF China Bio Fertilizers
Recent Industry Insights
â€œA lot of mergers & acquisitions are happening in the fertilizer industry, which include the acquisition of OCI by CF Industries and Rentech by CVR Partnersâ€
Key Deliverables in the Study
Market analysis for the global biological organic fertilizers market with competition analysis.
Market overview, and identification and analysis of the macro and micro factors that affect the global biological organic fertilizers market.
Extensively researched competitive landscape section with profiles of major companies and their market share, along with an analysis of their current strategic interests and financial information and strategies adopted by them to sustain and grow in the studied market.
The report holds importance for the following stakeholders:
Producers and manufacturers
Agricultural input companies
Enterprises operating in the industry
Traders and stakeholders operating in the sector
Investors/research institutions interested in the market
Supply chain analysis
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook